Covered Call
Toros Covered Call provides nonstop income on Bitcoin exposure through Toros Everlasting Options. It is built for BTC holders who want recurring income without managing expiries, rolls, or strike selection themselves.
How It Works
The strategy centers on the Toros Covered Call LP, a liquidity pool powered by Everlasting Options.
It behaves like covered call exposure on BTC:
Full BTC downside exposure
Capped upside after a defined range
Recurring income from Toros funding and option premium flows
No expiries or manual rolling
Toros Covered Call Implementation
Depositors provide WBTC liquidity to the Covered Call LP. That liquidity powers Toros Everlasting Options and acts as the counterparty to Toros Protected Leveraged Tokens taking the long side.
As long-side demand remains active, recurring funding and option premium payments flow into the LP. This creates continuous income on BTC exposure while remaining fully collateralized and fully onchain.
The result is designed for holders who want BTC exposure that can earn income in sideways or moderately bullish markets, while accepting capped upside in stronger rallies.
Available Products
BTCCOVCALL1X
BTCCOVCALL1X gives BTC covered call style exposure through the Toros Covered Call LP.
Key characteristics:
Nonstop income on BTC exposure
Revenue from Toros funding and option premium flows
Capped upside in stronger rallies
Full downside exposure to Bitcoin price declines
No expiries or manual rolls
100 percent WBTC collateral, fully onchain
Who Is This For
The covered call strategy suits holders who:
Want Bitcoin exposure that produces income
Are comfortable trading away some upside for recurring cash flow
Expect range-bound or moderately bullish conditions
Prefer a fully onchain structure with no manual options management
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